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of <h1>Central Government Grants Tax-Exempt Status to Shri Saibaha Sansthan, Shirdi Under Section 10(23C)(v) for Specific Years</h1> The Central Government has notified 'Shri Saibaha Sansthan, Shirdi' under Section 10(23C)(v) of the Income-tax Act, 1961, for assessment years 2002-2003 to 2004-2006. The notification specifies conditions including the application of income solely for its established objectives, restrictions on investment of funds, exclusion of business income unless incidental and properly accounted, mandatory filing of income tax returns, and the requirement that surplus assets upon dissolution be transferred to a charitable organization with similar objectives. This notification formalizes the tax-exempt status of the entity under specific conditions.
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